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Jan 14, 2013
01/13
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i think the president will have to do something on the fiscal front to deal with the deficit, and i don't think he can get around ed, i don't think he wants to get around at. it will be how he approaches it will make a difference. >> charles, there are rumors circulating that republicans in the house will let the sequester said in and put him right back in the white house to do wit to -- deal with it. a plan is jack lew's a signal from obama that he will pursue the course he pursued in the first term, to spend as much as he needs to establish the entitlement state and tax at a higher level to pay for it. jack lew is exactly the kind of liberal historically who has been his warrior on the front in negotiating on this. there is no indication that lew would go in any other direction, and it is clear to me that by this series of agreements obama has made, unlike added a first term more features people of independent stature, he has gone from a team of rivals to team of underlings. >> well, that is one nomination, but the nomination of former srepublican senator chuck hagel to head the departm
i think the president will have to do something on the fiscal front to deal with the deficit, and i don't think he can get around ed, i don't think he wants to get around at. it will be how he approaches it will make a difference. >> charles, there are rumors circulating that republicans in the house will let the sequester said in and put him right back in the white house to do wit to -- deal with it. a plan is jack lew's a signal from obama that he will pursue the course he pursued in...
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Jan 15, 2013
01/13
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he is absolutely prepared to continue to negotiate ways to reduce our budget deficit and that's exactly what we should be doing but we shouldn't be doing it under the threat, the republican threat, of tanking the economy by undermining the full faith and credit of the united states government. we have never done that in the history of this republic and we shouldn't start doing it now. >> all right. congressman van hollen, always a pleasure to speak with you. thank you, sir. >> likewise. >>> the house will vote on the massive hurricane sandy bill and things are heated on the house floor today. >> we are asking, we are pleading and we shouldn't have to beg for money for the northeast to be able to survive. >> but some republicans say they will vote against the bill despite calls from members in their own party to get it done. >>> but first, today's money minute. here's a look at wall street. you see there, the dow down slightly. we'll be right back. [ man ] i've been out there most of my life. you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it i
he is absolutely prepared to continue to negotiate ways to reduce our budget deficit and that's exactly what we should be doing but we shouldn't be doing it under the threat, the republican threat, of tanking the economy by undermining the full faith and credit of the united states government. we have never done that in the history of this republic and we shouldn't start doing it now. >> all right. congressman van hollen, always a pleasure to speak with you. thank you, sir. >>...
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Jan 13, 2013
01/13
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jobs deficit. and to me this bill simply put a band aid on the problem. it did do something the president wanted to do, committed to do. he delivered on the promise to try to help protect the middle class but my fear is that in these next 3 -- three political maneuvers we're going to see that people will start attacking the middle class and i believe that this was our best opportunity to really take care long term the issues that we need to address to a balanced approach. >> so to follow up, you voted early, i was watching the board. you voted early. you didn't vote to see if it was going to pass and then vote no. was the idea that obama kind of lost some leverage there that you wanted to see it fail because obama now has to go back to the debt ceiling and he doesn't have the benefit of tax cuts looming? >> i knew it was going to pass. after the republicans walked away from the negotiations and then tried to plan b by speaker republican speaker bane thear failed where republicans wouldn't support t
jobs deficit. and to me this bill simply put a band aid on the problem. it did do something the president wanted to do, committed to do. he delivered on the promise to try to help protect the middle class but my fear is that in these next 3 -- three political maneuvers we're going to see that people will start attacking the middle class and i believe that this was our best opportunity to really take care long term the issues that we need to address to a balanced approach. >> so to follow...
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Jan 21, 2013
01/13
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KTVU
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or the deficit. but, if we can save one life through action, we can do it. we think we can get the votes in the senate -- >> assault weapons? >> the president put forward a variety of things, assault weapons and high capacity magazines an universal background checks and mental health. school safety. so, we think there is support for a lot of these things and we'll push as hard as we can. >> chris: finally, less and a minute left, most of obamacare goes into effect at the end of this year, beginning of next year. states are having problems, already, putting the exchanges into effect and insurance companies an employers are having problems. is there any chance the president will say, let's slow down and delay the january 1st, 2014 kick-in of a lot of the stuff and allow people more time to implement it? >> no. no, i think -- no. but hhsr, health department is working with employers and states to be flexible and making sure we work with them very closely. >> chris: january 1st, 2014? >> no, i think that -- the implementation of health care, even though it is a
or the deficit. but, if we can save one life through action, we can do it. we think we can get the votes in the senate -- >> assault weapons? >> the president put forward a variety of things, assault weapons and high capacity magazines an universal background checks and mental health. school safety. so, we think there is support for a lot of these things and we'll push as hard as we can. >> chris: finally, less and a minute left, most of obamacare goes into effect at the end...
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Jan 14, 2013
01/13
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if the issue is deficit reduction, getting our deficits sustainable over time, getting our debt in a sustainable place, then democrats and republicans in congress will have a partner with me. we can achieve that, and, you know, we can achieve it fairly quickly. we know what the numbers are. we know what needs to be done. we know what a balanced approach would take, and we've done probably more than half of the deficit reduction we need to stabilize the debt and the deficit. there's probably been more pain and drama in getting there than we needed, and so finishing the job shouldn't be that difficult if everybody comes to the conversation with an open mind and if we recognize that there's some things like not paying our bills that should be out of bounds. all right? i'm going to take one last question. jackie collins. yeah. >> i would like to ask you now that you've reached the end of your first term, starting your second, about a couple of criticisms. one that's longstanding. another more recent. the long-standing one seems to have become a truism of sorts that you and your staff are
if the issue is deficit reduction, getting our deficits sustainable over time, getting our debt in a sustainable place, then democrats and republicans in congress will have a partner with me. we can achieve that, and, you know, we can achieve it fairly quickly. we know what the numbers are. we know what needs to be done. we know what a balanced approach would take, and we've done probably more than half of the deficit reduction we need to stabilize the debt and the deficit. there's probably...
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Mar 10, 2013
03/13
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and does he think republicans should raise taxes to help cure the deficit? plus, we'll talk about what kind of pope do catholics want and what kind do they need? it's all ahead so stay with us. the captioning on this program is provided as an independent service of captionmax, which is solely responsible for the accurate and complete transcription of program content. cbs, its parent and affiliated companies, and their respective agents and divisions, are not responsible for the accuracy, or completeness of any transcription, or for any errors in transcription. closed captioning provided by cbs sports division >> kevin: an important atlantic 10 game as the rams take on the owls. temple needing a win against a ranked opponent for their tournament resume'. this is the place to do it against the number 21 rams. hi everyone. kevin harlan alongside dan bonner and reggie miller let's put the game in perspective for our viewers. >> reggie: this is the first meeting between these teams. when they force 15-plus turnovers, they're 24-0. >> dan: temple is among the best
and does he think republicans should raise taxes to help cure the deficit? plus, we'll talk about what kind of pope do catholics want and what kind do they need? it's all ahead so stay with us. the captioning on this program is provided as an independent service of captionmax, which is solely responsible for the accurate and complete transcription of program content. cbs, its parent and affiliated companies, and their respective agents and divisions, are not responsible for the accuracy, or...
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Jan 17, 2013
01/13
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finally, on the federal budget deficit and debt, the committee sees that the budget deficit will continue to decline over the next two years. but we do not characterize the debt and deficit at unsustainably high levels. we do think the deficit is reduced to $925 billion in 2013 and narrowed further, to $728 billion in 2014. that is down from $1.1 trillion last year. that gives you an overview of the committee consensus opinion and i would be happy to answer any additional questions you might how about the committee's outlook. i will be happy to entertain other questions as well. yes? >> just to clarify a little bit on the gdp dragon on the tax hike, was that on the payroll and income tax increases? >> that is correct. >> the 1.25% dragon, was out for the whole year? -- the 1.25% drag, was that for the whole year? >> we think it will be for the whole year of fiscal 2013. >> with the labour market and some improvement on as quick as it was, without just -- there was some sentiment that it might be slowing down. >> we are seeing drags on consumer spending, but also from the ongoing recession
finally, on the federal budget deficit and debt, the committee sees that the budget deficit will continue to decline over the next two years. but we do not characterize the debt and deficit at unsustainably high levels. we do think the deficit is reduced to $925 billion in 2013 and narrowed further, to $728 billion in 2014. that is down from $1.1 trillion last year. that gives you an overview of the committee consensus opinion and i would be happy to answer any additional questions you might...
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Jan 13, 2013
01/13
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we have begun to reduce our deficit through a balanced mix of spending cuts and reforms to a tax code that at the time when we both came in was skewed in favor of the wealthy at the expense of middle class americans. when the history books are written, tim geithner is going to go down as one of our finest secretaries of the treasury. [applause] don't embarrass him. [laughter] on a personal note, he has been a wonderful friend and dependable advisor the out these last four years. there is an unofficial thing at treasury -- no peacocks commager, no winners. that would be a good saying for all of washington. few embody that ideal better than tim geithner. that is why when he was thinking about leaving a couple of years ago, i had to personally get on my knees with carol to help convince him to stay on a little bit longer. i could not be more grateful to carol and the entire family for letting him make
we have begun to reduce our deficit through a balanced mix of spending cuts and reforms to a tax code that at the time when we both came in was skewed in favor of the wealthy at the expense of middle class americans. when the history books are written, tim geithner is going to go down as one of our finest secretaries of the treasury. [applause] don't embarrass him. [laughter] on a personal note, he has been a wonderful friend and dependable advisor the out these last four years. there is an...
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thinks the deficits and debt are the problem i think they have symptom and disease backwards but the point is a at least they sort of understand in the long run two plus two has to equal four. and unfortunately in recent months the i.m.f. has now backed away from that position. and what that does is it sends a signal to some of these profit governments around the world maybe we can still get i.m.f. money or european central bank money or european commission money we can continue to spend so it's like you're bailing out your friend but you're telling your friend you can't go out drinking every night and all this said you tell your friend ok i'm going to continue to bail you out but you can go out drinking five nights of the week that doesn't make sense and so i think what the i.m.f. is doing is a mistake not that i think they were on the right side in the first place ok. where are most of the european countries what are they adapting as their austerity measures i mean we've talked about tax high reducing government spending it's a combination of all that there is there one strategy th
thinks the deficits and debt are the problem i think they have symptom and disease backwards but the point is a at least they sort of understand in the long run two plus two has to equal four. and unfortunately in recent months the i.m.f. has now backed away from that position. and what that does is it sends a signal to some of these profit governments around the world maybe we can still get i.m.f. money or european central bank money or european commission money we can continue to spend so...
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and we're willing to talk to him about budget deficit. leader reid already gave him his budget number when we talked about the resolution funding the government. we gave him his number. and then, he said obama care. he keeps throwing different things at the wall. and we know the reason why. ted cruz and the hard right republicans are holding him hostage, in effect. and right up until now, he hasn't had the courage or strength to resist them. sooner or later, he'll be forced to, particularly on the debt ceiling because the business community, which still has some weight with mainstream republicans and his party, will put huge crowd with him. and as we get closer,
and we're willing to talk to him about budget deficit. leader reid already gave him his budget number when we talked about the resolution funding the government. we gave him his number. and then, he said obama care. he keeps throwing different things at the wall. and we know the reason why. ted cruz and the hard right republicans are holding him hostage, in effect. and right up until now, he hasn't had the courage or strength to resist them. sooner or later, he'll be forced to, particularly on...
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methinks the deficits and debt are the problem i think they have symptom and disease backwards but the point is that at least they sort of understand in the long run two plus two has to equal four. and unfortunately in recent months the i.m.f. has now backed away from that position and what that does is it sends a signal to some of these profit governments around the world day maybe we can still get i.m.f. money or european central bank money or european commission money we can continue to spend so it's like you're bailing out your friend but you're telling your friend you can't go out drinking every night and all of a sudden you tell your friend ok i'm going to continue to bail you out but you can go out drinking five nights of the week that doesn't make sense and so i think what the i.m.f. is doing is a mistake not that i think they were on the right side in the first place. where are most of the european countries what are they adapting as their austerity measures i mean we've talked about tax high reducing government spending it's a combination of all that there is there one down s
methinks the deficits and debt are the problem i think they have symptom and disease backwards but the point is that at least they sort of understand in the long run two plus two has to equal four. and unfortunately in recent months the i.m.f. has now backed away from that position and what that does is it sends a signal to some of these profit governments around the world day maybe we can still get i.m.f. money or european central bank money or european commission money we can continue to...
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Dec 22, 2013
12/13
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the number one issue in the 2014 election is not going to be obamacare or the deficit. it is going to be who can get the middle class going again? who can expand middle class incomes, who can create jobs? that is far and away the issue that most americans care about. >> fair enough. that's going to be the argument. but senator coburn, you know your colleagues, especially those who are running for tough seats in the south, they're going to make obamacare an issue and they're going to focus on the thought that government seems to make changes to pacify critics. is that the wrong thing to do? >> i think they ought to talk about health care and what we're for rather than continuing to talk about what we're against. look, obamacare right now causes people to spend more money, have less choice, have a higher deductible and have less freedom. the rollout and the ideas behind the fact that the federal government could manage appropriately, one-sixth of the economy is proving itself erroneous. what i would say is we need to change health care, but what they've done, you can't fi
the number one issue in the 2014 election is not going to be obamacare or the deficit. it is going to be who can get the middle class going again? who can expand middle class incomes, who can create jobs? that is far and away the issue that most americans care about. >> fair enough. that's going to be the argument. but senator coburn, you know your colleagues, especially those who are running for tough seats in the south, they're going to make obamacare an issue and they're going to focus...
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Jan 20, 2013
01/13
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you're going to need more revenues as well as more cuts to get the deficit down. and i've talked to leader reid. i've talked to budget chair murray. we're going to do a budget this year. and it's going to have revenues in it. and our republican colleagues better get used to that fact. >> senator cruz? >> david, i'll mention there was an area of substantial agreement with what chuck just said. he said we should never, ever compromise the full faith and credit of the united states. i agree. and in fact, there is a bill that i am co-sponsoring, the full faith and credit act, which provides that, regardless of what happens to the debt ceiling, the united states will always, always, always meet its debt. we will never default on its debt. that was introduced in 2010. it didn't pass because harry reid and president obama didn't want it to pass. they wanted to raise the specter of a default to use. so, chuck, you and i could make news right now on national television, would you agree to support the full faith and credit act and take the possibility of a default off the t
you're going to need more revenues as well as more cuts to get the deficit down. and i've talked to leader reid. i've talked to budget chair murray. we're going to do a budget this year. and it's going to have revenues in it. and our republican colleagues better get used to that fact. >> senator cruz? >> david, i'll mention there was an area of substantial agreement with what chuck just said. he said we should never, ever compromise the full faith and credit of the united states. i...
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Jan 16, 2013
01/13
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we didn't have a deficit and debt crisis the way we do right now. let's be fair about the facts. we are in a debt crisis. however, when something like this happens, it's an exception to the rule. these people are hurting. they need the help of the federal government, and that's what we're going to deliver today. the bottom line is we're going to move forward and get this done. >> you know, i have been blessed to get to know some of the really good people up in your borough like teddy atlas and your borough president. they're doing great work. tell us how bad it is. we're looking at pictures of the people under water during the flood. have just been devastated. i saw some of that stuff on your own island of staten island a couple weeks ago, it was really rough. >> it's horrendous. this is a war zone. let me be clear, don't forget about -- you see homes crushed. you see people's personal belongings wiped out to sea, but there's also emotional scars that you cannot see. just this past weekend i had a mother tell me her children are deathly afraid when it rains because they think the
we didn't have a deficit and debt crisis the way we do right now. let's be fair about the facts. we are in a debt crisis. however, when something like this happens, it's an exception to the rule. these people are hurting. they need the help of the federal government, and that's what we're going to deliver today. the bottom line is we're going to move forward and get this done. >> you know, i have been blessed to get to know some of the really good people up in your borough like teddy...
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Oct 11, 2013
10/13
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CSPAN
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our deficit is down from $1.4 trillion. last year, the deficit was about $700 billion. we cut it in half. it's not enough. we need to do more. we cannot do more unless we do entitlement reform. over half of our spending is entitlement spending and we cannot do more unless we generate revenues. what we have here is a failure to communicate is part of our problem. we are talking past each other. i talked to people all the time and people have a lot of money and i say they will have to pay more taxes and they say i don't mind paying more taxes but don't waste my money. i don't want to waste their money either. none of us do. tom coburn used to be on this committee and i introduced legislation. it was not to hurt the least of these or the wealthiest of these to help everyone. everyone has gotten a letter from tom coburn to ask as a cosponsor and i hope you will join us. we held a hearing on monday this week on social security disability. no one stood -- no one wants to harm anyone on disability. one judge in west virginia approved 99.7% of the people who applied for social
our deficit is down from $1.4 trillion. last year, the deficit was about $700 billion. we cut it in half. it's not enough. we need to do more. we cannot do more unless we do entitlement reform. over half of our spending is entitlement spending and we cannot do more unless we generate revenues. what we have here is a failure to communicate is part of our problem. we are talking past each other. i talked to people all the time and people have a lot of money and i say they will have to pay more...
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Jan 14, 2013
01/13
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FBC
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governor brown in the state of the states last week said, look, we're finished with the deficit. we're okay. we're in the black, actually. that's what he said. >> well, yes, if you look at the actual numbers behind that, part of eliminating that budget deficit meant pushing off payments towards bond obligation. they took a couple billion off the back end there, and what's interesting, it's easy to claim there's a budget surplus with $6 billion more of the taxpayers money thanks to prop 30, but hidden in the funding means that the governor's now going to back fill pension payments and salaries to stateupon work ores, and that was not part of the promise. >> that's interesting. this prop 30 raised taxes that was in the november election, and it was back dated to january. they are going to bring in an extra $6 million, and mark, you say some of the extra revenue goes towards paying state worker pensions opposed to reinvigorated the health service or the education system; right? >> yes. it also goes towards eliminating a few of the furlough fridays that schwarzenegger posted trying t
governor brown in the state of the states last week said, look, we're finished with the deficit. we're okay. we're in the black, actually. that's what he said. >> well, yes, if you look at the actual numbers behind that, part of eliminating that budget deficit meant pushing off payments towards bond obligation. they took a couple billion off the back end there, and what's interesting, it's easy to claim there's a budget surplus with $6 billion more of the taxpayers money thanks to prop...
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lou: a look at $300 billion trade deficit the chinese enjoy with us, it seems to me if we're going to depend on somebody, we better start selling a whole lot harder in china. >> that is true. the scary thing here is if china does slow down, if it grows by 6% instead of the expected 8%, that is something we are going to feel at home domestically. lou: last night "60 minutes" did a report on the construction across entire country according to their report, miles and miles as a set of skyscrapers empty. apartments empty. it is the most horrendous thing, they spent somewhere above $2 trillion building what is vacant lots. >> should talk about highways to nowhere. we have cities filled with nobody in the oddest thing is people can keep buying these apartments on expectations the prices of the apartments will move higher. lou: if the bubble does collapse because it is a communist nation, it is a run on the economy, don't know what these comparison is between the supply and demand. it is not pleasant. making what we have seen in this country seem rather mild. speak of the soviet union export
lou: a look at $300 billion trade deficit the chinese enjoy with us, it seems to me if we're going to depend on somebody, we better start selling a whole lot harder in china. >> that is true. the scary thing here is if china does slow down, if it grows by 6% instead of the expected 8%, that is something we are going to feel at home domestically. lou: last night "60 minutes" did a report on the construction across entire country according to their report, miles and miles as a set...
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Apr 10, 2013
04/13
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CNNW
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it is reducing budget deficits. we have staggering national debt, though, and that's what they keep fighting about. >> you think the end of july deadline for increasing the nation's debt ceiling in effect is a deadline for the republicans and democrats to come up with some sort of plan? we don't have that have that crisis at the end of july? >> i think we have a washington that is for some reason into these manufactured and avoidable crises. i never thought last august we would have a crisis of a deadline and we certainly did. i hope we don't, again, in july. but i think you're seeing, i don't know, you tell me, i think you're seeing more opportunity for consensus now than we did a year and a half ago and maybe that's a good sign. >> i think it was a little bit more, but i wouldn't -- >> a little, a tiny, tiny bit. >> i know that the president's going to have another dinner with a dozen republican senators tonight here in washington so that charm offensive continues. let's hope it becomes very charming and everybody
it is reducing budget deficits. we have staggering national debt, though, and that's what they keep fighting about. >> you think the end of july deadline for increasing the nation's debt ceiling in effect is a deadline for the republicans and democrats to come up with some sort of plan? we don't have that have that crisis at the end of july? >> i think we have a washington that is for some reason into these manufactured and avoidable crises. i never thought last august we would have...
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Apr 11, 2013
04/13
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CSPAN2
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the president's budget increases the deficit significantly on current law. we move in opposite direction to balance in a ten-year period of time. it increases taxes. we not increase taxes. that's hardly meeting republicans halfway. as the chairman said, it's wonderful rhetoric, but it's simply not true. is it? >> well, the -- i'm forwarding the comprise offer which includes $1.8 trillion in deficit reduction. cpi which is something the president would not. it's in speaker bainers' request. the president is willing to do that as a part of a deal as long as we have the conditions i mentioned earlier. >> it's an important point. that is absolutely critical we understand that $1.8 trillion is a comprised offer. >> it's an important point. cpi is not what we would select as a solution for the challenges that we face. >> the president's -- what he thinks we would like. >> it's something speaker -- baner and leader mcconnell asked several times. and you asked for the medicare age raised from 67 to 65. it's something the president is not willing to do. >> my last th
the president's budget increases the deficit significantly on current law. we move in opposite direction to balance in a ten-year period of time. it increases taxes. we not increase taxes. that's hardly meeting republicans halfway. as the chairman said, it's wonderful rhetoric, but it's simply not true. is it? >> well, the -- i'm forwarding the comprise offer which includes $1.8 trillion in deficit reduction. cpi which is something the president would not. it's in speaker bainers'...
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Jan 29, 2013
01/13
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FBC
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the deficit-reduction will produce a stronger economy. economic growth and fiscal solvency especially in a situation where we have plans of dollars of unfunded liabilities with these entitlement programs. liz: the middle-class issue is the only way to fix these things, think secret the white house is keeping from the middle-class households. what do you say to that? >> senator kerry has it exactly right. if the economy is growing more rapidly than the debt, the site of the text doesn't particularly matter. thing is so distressing about the current situation is the growth in gdp is at a lower rate than the growth of the debt, that is the long-term problem we face in i if we don't solve that problem there isn't anything we can do to help the middle class and the lower class, anybody gets hurt when the economy is growing as slowly as this one is and we aren't focusing on that, wwe're instead on the extremes cutting the deficit, raising taxes, it is the growth of the economy that is the real answer to all these problems. liz: said we already
the deficit-reduction will produce a stronger economy. economic growth and fiscal solvency especially in a situation where we have plans of dollars of unfunded liabilities with these entitlement programs. liz: the middle-class issue is the only way to fix these things, think secret the white house is keeping from the middle-class households. what do you say to that? >> senator kerry has it exactly right. if the economy is growing more rapidly than the debt, the site of the text doesn't...
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Feb 21, 2013
02/13
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FBC
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detroit has a budget deficit of 327 million, running deficits since 2005. eight years. now think they have an emergency. that is the way it works in government land. critics question whether columbia reive made the right choice and hiring george papandreou, the former sociali prime minister of greece. believe it or not, t former prime minister is teaching a class at columbia. the ivy league school, columbia, how to govern during a financial crisis. added that workout for everybody? papandreou was forced out when greece was racked by violence street protests against his management of a financial crisis. the country on the verge of default. many were calling for the country to exit the eurozone. they're european union built greeceut. i should say i that way. bad news for alec baldwin also known as an angry liberal. the 54-year-old actor is being investigated for a hate crime over recent altercation with a new york post reporter and photographer. baldwin, according to reports, fired off racial slur of the photographer who is african-american. then he threatened to choke th
detroit has a budget deficit of 327 million, running deficits since 2005. eight years. now think they have an emergency. that is the way it works in government land. critics question whether columbia reive made the right choice and hiring george papandreou, the former sociali prime minister of greece. believe it or not, t former prime minister is teaching a class at columbia. the ivy league school, columbia, how to govern during a financial crisis. added that workout for everybody? papandreou...
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Jan 22, 2013
01/13
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CSPAN2
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eastern the house ways and means committee holds a hearing on debt and deficit reduction. examining the history of the debt limit, how past congresses have dealt with the him and whether the constitution provides options to the executive branch when the debt limit is reached. the house is expected to vote wednesday on increasing the nation's current debt limit of nearly $16.5 trillion. >> c-span, created by america's cable companies in 1979, brought to you as a public service by your television provider. [applause] >> next, a discussion about gun violence and gun control measures. chicago mayor rahm emanuel was joined by ohio representative stephen latourette at an event hosted by the university of chicago's institute of politics. former nbc nightly news anchor tom brokaw moderated the discussion. it's about an hour and 15 minutes. >> thank you all very much for being here. i've been in this business for a long time, a half a century, and there are occasions in american life when one issue kind of galvanizes the country. and it seems to me that as we begin this year that g
eastern the house ways and means committee holds a hearing on debt and deficit reduction. examining the history of the debt limit, how past congresses have dealt with the him and whether the constitution provides options to the executive branch when the debt limit is reached. the house is expected to vote wednesday on increasing the nation's current debt limit of nearly $16.5 trillion. >> c-span, created by america's cable companies in 1979, brought to you as a public service by your...
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Apr 14, 2013
04/13
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KQED
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. >> the president often says his policies will cut the deficit trillion over 10 years. that sadly is not true. >> congressman paul ryan talking about the president's budget. it would cut the social security and medicare, something that does not sit well with democrats, people like nancy pelosi. people are saying this is a carbon carbon -- carbon copy of the deal offered to republicans in december. what makes the republican -- what makes the president think that the republicans will agree to the grand bargain they have already turned down, lois? >> he is just trying to get the conversation going again. he does not care what the liberals think right now. he is just trying to get some conversation going. he is looking at his legacy. he is singing, i do not care what the democrats are saying. let's get moving on this. >> charles -- are you prepared to do the same this week? >> no, no. >> you can do that. >> can i answer, or do i wait for you guys to speak up? hughes said he is willing to cut entitlements -- you said he is willing to cut entitlements. in fact, he agreed to a
. >> the president often says his policies will cut the deficit trillion over 10 years. that sadly is not true. >> congressman paul ryan talking about the president's budget. it would cut the social security and medicare, something that does not sit well with democrats, people like nancy pelosi. people are saying this is a carbon carbon -- carbon copy of the deal offered to republicans in december. what makes the republican -- what makes the president think that the republicans will...
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Apr 12, 2013
04/13
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MSNBCW
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>> the idea of cutting deficits will grow the economy. when the economy is in a recession or going down, the best thing is for the government to actually spend money to create jobs. often when they talk about this, like the government as a household, when you don't have money you don't buy a car. a job creates revenue and a car doesn't create revenue. a job creates revenue by paying taxes that will reduce the deficit. the logic that you grow the economy by cutting jobs and employment. >> he's making a slightly different argument. the president's argument has been short term investment. they have the $40 billion for highway spending in the budget, long term reduction of -- in the out years, not quite -- they were making for a while -- they're making a household, we have to cringe our belt, they're not quite -- cinch our belt. they're not quite making that argument now. >> that's right. i think a lot of what they're suggesting is sensible. my big concern is i don't think they're grappling with the magnitude of the problem. >> in terms of un
>> the idea of cutting deficits will grow the economy. when the economy is in a recession or going down, the best thing is for the government to actually spend money to create jobs. often when they talk about this, like the government as a household, when you don't have money you don't buy a car. a job creates revenue and a car doesn't create revenue. a job creates revenue by paying taxes that will reduce the deficit. the logic that you grow the economy by cutting jobs and employment....
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Mar 25, 2013
03/13
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MSNBCW
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deficits have nothing to do, because the federal government reduced its deficit. that doesn't mean wal matt is going to go out and hire a bunch of people. they're not connected and we're having this conversation over and over. >> that's the problem with our side. >> i want to get josh in here. >> the usual circumstance in which government borrowing is crowding out private investment and holding back growth is that interest rates rise because governments trying to borrow money at the same time that companies are trying to raise capital, it makes capital more expensive and it makes difficult for people to invest. we're not seeing it right now. interest rates are extremely low, not just in the short-term, but also in the long run. we have extremely low, 30-year interest rates what that reflects is there's not a lot of demand for capital in the private sector. the government could be boosting the economy by borrowing and spending the money itself. and in the future, if, if we see interest rates starting to rides, that will be in part an indication of expectations of i
deficits have nothing to do, because the federal government reduced its deficit. that doesn't mean wal matt is going to go out and hire a bunch of people. they're not connected and we're having this conversation over and over. >> that's the problem with our side. >> i want to get josh in here. >> the usual circumstance in which government borrowing is crowding out private investment and holding back growth is that interest rates rise because governments trying to borrow money...
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Apr 14, 2013
04/13
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KRCB
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. >> when it comes to deficit reduction, i have already met republicans halfway. quite the same plant in a new suit of clothes? >> t american people know you cannot spend money you do not have. >> and north korea. at the passing of the iron lady, margaret thatcher. the in lady of the western world. -- the iron lady of the western world. captioned by the national captiong instite --www.ncicap.org-- months since sandy hook elementary school in newtown, connecticut, the killing ground for an apparently deranged young man. the families of the victims of gun violence have been leading the effort to prod congress in enacting the first gun-control legislation in years. in chicago, the first lady spoke of attending the funeral of a young lady who until a week after the inauguration. >> ere is a reason all of us are on this earth. i urge them to use their lives to give meaning. >> the appeals of sandy hook family members moved one senator to tears. >> i am a parent. i have a grandson. [indiscernible] >> that is west virginia democrat's joe machin, who along with republican
. >> when it comes to deficit reduction, i have already met republicans halfway. quite the same plant in a new suit of clothes? >> t american people know you cannot spend money you do not have. >> and north korea. at the passing of the iron lady, margaret thatcher. the in lady of the western world. -- the iron lady of the western world. captioned by the national captiong instite --www.ncicap.org-- months since sandy hook elementary school in newtown, connecticut, the killing...
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Jan 17, 2013
01/13
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MSNBCW
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it will reduce the deficit. obama care has brought the number of uninsured americans to the lowest level since 2008. however, the law would be fully implemented until 2014. it would put pressure on all insurers to lower their premiums in order to compete. it would also provide immediate relief to small businesses and the federal government and all parts of the economy. for example, former defense secretary robert gates has warned the rising -- he has warned of rising military costs for years. >> sharply rising health care costs are consuming an ever-larger share of this department. growing from 19 billion 234 in . >> military health care costs have gone up 300% in the past decade. 2012 was the first year since 1995 military personnel saw an increase in health care premiums. now, there are two things republicans love. the military and reducing the deficit. republican should be thrilled with the public option. how can you make a hundred billion dollar mistake? who's doing the math? will it save or won't it save? l
it will reduce the deficit. obama care has brought the number of uninsured americans to the lowest level since 2008. however, the law would be fully implemented until 2014. it would put pressure on all insurers to lower their premiums in order to compete. it would also provide immediate relief to small businesses and the federal government and all parts of the economy. for example, former defense secretary robert gates has warned the rising -- he has warned of rising military costs for years....
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Apr 11, 2013
04/13
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FOXNEWSW
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you're not cutting the deficit, you're adding 5.27 trillion $to the deficit. i'm not sure why you even go there with these numbers. the father of this new american collective sure has nuked the family budget, right, bobby? >> first of all, ericy, let me say this, for years now, they've asked democrats to come forward with something on entitlements, he finally comes through with something on entitlements, as i predicted he would, and it was a republican idea. now all of a sudden republicans don't like it, you don't like t it. >> why would he go on tv today and say, my budget will cut deficits by $2 trillion. it's adding $5 trillion to the deficit. >> did he say it would be done in 10 years? >> yes, he said -- >> and where did your numbers come from? >> from his budget. >> you interpreted those numbers? >> if you spend here, this much is deficit. >> there's not much left to interpretation. >> it works out about to 500 billion a year in deficits, right? that's what the interest on the national debt's going to be. >> in other words, you have no idea how he came up
you're not cutting the deficit, you're adding 5.27 trillion $to the deficit. i'm not sure why you even go there with these numbers. the father of this new american collective sure has nuked the family budget, right, bobby? >> first of all, ericy, let me say this, for years now, they've asked democrats to come forward with something on entitlements, he finally comes through with something on entitlements, as i predicted he would, and it was a republican idea. now all of a sudden...
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Jan 5, 2013
01/13
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CURRENT
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it adds to the deficit. i'm not kidding. >> individuals can't take advantage of loopholes and deductions that are available to most americans. argue with their conservative uncle joe over the dinner table. >> cenk: now if there is one thing i know is that this fiscal cliff deal that they just signed, it is a deficit reduction deal. part of the reason that i know it reduces the deficit is because the president told me. >> obama: last year i signed into law $1.7 trillion in deficit reduction. tonight's agreement further reduces the deficit by raising $620 billion from the wealthiest households in america. and there will be further reduction when congress decides what to do with the spending cuts we've delayed for two months. >> cenk: deficit reduction right? not exactly the congressional budget office does not agree with the republicans or democrats who say this is a deficit reduction. they say we have changed the law so that we have added 4 trillion-dollar to the deficit deficit, 4 trillion-dollar. that's not
it adds to the deficit. i'm not kidding. >> individuals can't take advantage of loopholes and deductions that are available to most americans. argue with their conservative uncle joe over the dinner table. >> cenk: now if there is one thing i know is that this fiscal cliff deal that they just signed, it is a deficit reduction deal. part of the reason that i know it reduces the deficit is because the president told me. >> obama: last year i signed into law $1.7 trillion in...
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Feb 26, 2013
02/13
by
MSNBC
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point, deficits come up in periods of economic hardship. it is not a good time to come up. it hurts the economy to cut the deficit quickly while the economy it weak. so krystal this is the real danger of the sequester fight, this is not a cliff or a breach or a government shutdown. it will hurt, not that badly, but hurt the economy maybe in ways people don't even recognize is coming from the sequester. it will take growth out and people having jobs out of the pretty soon we'll see shrinking, but it wouldn't be directly relatable back. >> it was interesting last week, there was polling asking people how much have you heard about the sequester from pew. and 72% of people said they either heard only a little bit about the sequester or nothing at all. they had heard very little or nothing at all. and that is changing, the president made a concerted push to make them trace back this pole, specifically by releasing state by state estimates of what is going to happen, the agency estimates, and i looked at local papers in virginia, where i'm from.
point, deficits come up in periods of economic hardship. it is not a good time to come up. it hurts the economy to cut the deficit quickly while the economy it weak. so krystal this is the real danger of the sequester fight, this is not a cliff or a breach or a government shutdown. it will hurt, not that badly, but hurt the economy maybe in ways people don't even recognize is coming from the sequester. it will take growth out and people having jobs out of the pretty soon we'll see shrinking,...
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Jan 8, 2013
01/13
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MSNBCW
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eye 105
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if the children don't have parents well, know we're starting from a deficit right now, then we got to figure out what can we do as elders, as people, even young people just to support each other. you know, like -- >> you know, i think it's a great point. i think also but the resources that permit people the time to parent correctly as well. join whatting common has brilliantly deconstructed there is you have latch key kids at home. they have to go homes because parents are working two, three jobs. if they stay home from one job to go get the report card, they get fired, and then they can't take care of that child. it's a tremendous affect there. from within i think the integrity of the black family certainly has to be -- you know, has to be strengthened and bolstered, but from without that point about reuters is the devastation and alienation. that alienation comes from economic opportunity that's been foreclosed, educational vistas that have been closed, and the possibility of seeing yourself as a human being. you can look at what happened in newtown, which we know is evil and horrif
if the children don't have parents well, know we're starting from a deficit right now, then we got to figure out what can we do as elders, as people, even young people just to support each other. you know, like -- >> you know, i think it's a great point. i think also but the resources that permit people the time to parent correctly as well. join whatting common has brilliantly deconstructed there is you have latch key kids at home. they have to go homes because parents are working two,...
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Jan 14, 2013
01/13
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MSNBCW
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and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. as the speaker said two years ago, it would be, and i'm quoting, speaker boehner now, a financial disaster not only for us but for the worldwide economy. so we've got to pay our bills. and republicans in congress have two choices here, they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they had better choose quickly because time is running short. the last time republicans in congress even flirted with this idea our aaa credit rating was down graded for the first time in our history, our businesses created the fewest jobs of any mont
and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. as the speaker said two years ago, it would be, and i'm quoting, speaker boehner now, a financial disaster not only for us but for the worldwide economy. so we've got to pay our bills. and republicans in congress have two choices here, they can act responsibly and pay america's bills or they can act...
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Jan 28, 2013
01/13
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FOXNEWSW
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>> sure, but the issue is, do you add it to the deficit in door you go ahead and find offsets? there are a lot of things that folks have problems with. one is that the a lot of the spending did not happen until 2013 and in the future. there was an argument that okay, we will take care of the emergency needs in the next year and a half and declare those an emergency and allow that to go under the deficit but money spent after 2014, make that compete in the regular budget process with all the other money so that way you find offsets or lesser programs if we have to spend. so the question is not, do you spend the up. the question is, do you borrow from the future to spend the money or do you find other ways to take care of it? >> what do you think? some say there are so many things that go directly to the bottom line, to the deficit, to the national debt, why would you want to use emergency aid to have to answer to a higher calling? >> well, the question, should everything answer to that same calling, the bolt only line of where we are on deficit and debt. budgeting is about prior
>> sure, but the issue is, do you add it to the deficit in door you go ahead and find offsets? there are a lot of things that folks have problems with. one is that the a lot of the spending did not happen until 2013 and in the future. there was an argument that okay, we will take care of the emergency needs in the next year and a half and declare those an emergency and allow that to go under the deficit but money spent after 2014, make that compete in the regular budget process with all...
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95
Feb 5, 2013
02/13
by
CURRENT
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jobs is the thing that will really reduce the deficit. more taxpayers is going to result in the lower deficit than already this year. if we look at the last year we've seen the deficit go down because you've seen a little bit of success in the job market. not enough, but you have seen us reducing that deficit. that's really what the balancing act is all about. i would think that any fair-minded member of congress would want to see us balance and not just ask to solve the deficit crisis by forcing it all on the shoulders of people who defend upon important government programs. >> john: it seems inspiring that you're trying to sneak sanity into the budget debate. i commend you for it. you were there when the president laid out his gun control proposals. >> yes. >> are these campaign-style events the best way for him to drum up support for this issue? >> yes, and the reason why i think so, the american public supports common-sense gun-violence prevention. we support universal background checks closing the gun show loopholes. we support banni
jobs is the thing that will really reduce the deficit. more taxpayers is going to result in the lower deficit than already this year. if we look at the last year we've seen the deficit go down because you've seen a little bit of success in the job market. not enough, but you have seen us reducing that deficit. that's really what the balancing act is all about. i would think that any fair-minded member of congress would want to see us balance and not just ask to solve the deficit crisis by...